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of <h1>Company's Application to Exercise or Renew Tonnage Tax Option Under Sections 115VP or 115VR of Income-tax Act, 1961</h1> This document is an application form for a company to exercise or renew its option for the tonnage tax scheme under sections 115VP or 115VR of the Income-tax Act, 1961. The application is addressed to the Joint Commissioner of Income-tax. The form requires the applicant to provide details about the company, its ships, and its previous participation in the tonnage tax scheme. The form must be signed by an authorized person, such as the managing director or a director, and includes a verification statement affirming the truthfulness of the information provided. The application must be complete, with all required annexures and supporting documents.
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